UK's Lloyds estimates additional $1.1 billion charge from motor finance scandal

Core Points - Lloyds Banking Group announced an additional charge of 800 million pounds ($1.07 billion) related to the UK motor finance mis-selling scandal [1] - The total financial impact from this scandal has now reached 1.95 billion pounds [1] Financial Impact - The new charge of 800 million pounds increases the total provisions for the scandal to 1.95 billion pounds [1] - The financial repercussions highlight the ongoing challenges faced by the banking sector in managing compliance and customer trust [1]